11b-IF-HV2016 Veröffentlichung_eigene Aktien_en

Vienna, 30 September 2016
Announcement according to Section 82 para 9 Austrian Stock Exchange Act
IMMOFINANZ AG: Release of other admission duties to follow
according to Article 82 Section 9 Austrian Stock Exchange Act
IMMOFINANZ AG
ISIN: AT0000809058
In the 23rd ordinary shareholders’ meeting of IMMOFINANZ AG held on 29 September 2016
the following resolutions have been passed in relation to item 8 of the agenda (authorisation
of the executive board in relation to the acquisition and sale of treasury shares):
“1.
The authorisation of the executive board granted in the 22nd ordinary shareholders’
meeting on 01 December 2015 to purchase treasury shares shall be withdrawn and the
executive board shall be authorised in accordance with section 65 para 1 no 8 and
para 1a and para 1b Austrian Stock Corporation Act for a period of 30 months from the
date of the adopted resolution, with the consent of the supervisory board, to
repurchase treasury shares in the company for a total of up to 10 per cent of the share
capital of the company, also under repeated use of the 10 per cent threshold, both over
the stock exchange and off-exchange, and with the exclusion of the shareholders’ right
to sell their shares. The authorisation may be exercised in full or in part or in multiple
partial amounts by the company, companies affiliated with it or by third parties for their
account, and in pursuit of one or more purposes. The equivalent price per share must
not fall below the level of EUR 0.10. The highest equivalent price per share paid in the
buy-back shall not be more than 15 per cent above the average of the volume weighted
daily closing price of the previous ten trading days of the shares on the Vienna Stock
Exchange. If treasury shares are sold and repurchased by the company in the course
of financing transactions (e.g. repo transactions or swap transactions) or in
transactions involving securities lending or loans, the sales price shall be the highest
equivalent price for the buy-back in addition to appropriate interest.
2.
The authorisation of the executive board granted in the 22nd ordinary shareholders’
meeting on 01 December 2015 to sell treasury shares shall be withdrawn and the
executive board shall be authorised in accordance with section 65 para 1b Austrian
Stock Corporation Act for a period of 5 years from the date of the adopted resolution,
subject to the approval of the supervisory board, to sell and use treasury shares in
another way than over the stock exchange or through a public offering, and also to
hereby exclude the proportional purchase right of shareholders (exclusion of
subscription right). The authorisation may be exercised in full or in part or in multiple
partial amounts and in pursuit of one or more purposes.
3.
The authorisation of the executive board granted in the 22nd ordinary shareholders’
meeting on 01 December 2015 to redeem treasury shares shall be withdrawn and the
executive board shall be authorised without further involvement of the shareholders’
meeting, with the consent of the supervisory board, to redeem treasury shares.
Treasury shares redeemed on the basis of this authorisation are to be deducted from
the limit of 10 per cent according to item 1, whereas such deduction is not applicable
for treasury shares currently held by the company or its subsidiaries. The supervisory
board shall be authorised to resolve upon amendments of the Articles of Association
resulting from the redemption of treasury shares.”
For additional information please contact:
Bettina Schragl
Head of Corporate Communications and Investor Relations
T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290
[email protected]
[email protected]